Powerfleet, Inc. Stock Price, News & Analysis

Powerfleet (NASDAQ: AIOT) reported strong Q3 2025 financial results with revenue increasing 45% year-over-year to $106.4 million. Service revenue, representing 77% of total revenue, grew 45% to $81.7 million, while product revenue rose 42% to $24.7 million.

The company achieved significant margin improvements, with combined adjusted gross margin exceeding 60%, up from 55.5% in the prior year. Adjusted EBITDA increased 77% to $22.5 million, driven by the Fleet Complete acquisition, organic growth, and cost synergies.

Following strong performance, Powerfleet raised its FY2025 guidance, now expecting revenue to exceed $362.5 million (up $10 million from previous guidance) and adjusted EBITDA to exceed $75 million (up $2.5 million). The company reported over 2.6 million recurring revenue subscribers and secured $15 million in annualized cost savings.

Powerfleet (Nasdaq: AIOT) has scheduled its third quarter fiscal 2025 conference call for Monday, February 10, 2025, at 8:30 a.m. Eastern time. The company will discuss financial results for the quarter ended December 31, 2024, with financial results to be released via press release before the call.

Management will host a presentation followed by a Q&A session. The call will be accessible via toll-free number (888-506-0062) and international line (973-528-0011) using participant access code 466496. A simultaneous broadcast and replay will be available through the company's investor relations website.

Powerfleet (Nasdaq: AIOT) has announced its participation in the 27th Annual Needham Growth Conference, scheduled for Tuesday, January 14th at 4:30pmET. During the conference, management will present and meet with investors to discuss how the company is driving significant business transformation through data insights for its customers and supporting their digital transformation initiatives.

The presentation will be accessible via live webcast through Powerfleet's investor relations website at ir.powerfleet.com under the events and presentations section.

Powerfleet (Nasdaq: AIOT) has appointed Mike Powell as Chief Innovation Officer (CINO), effective immediately. Powell, with over two decades of experience in digital transformation and AI-driven growth, will lead the company's evolution by integrating internal transformation with customer technologies and enhancing the Unity AIoT ecosystem. His experience includes working with organizations generating over $1 billion in annual revenues.

The company also announced that Frank Friesacher, Chief Product Officer at Fleet Complete, will lead the execution of Powerfleet's technology roadmap. Meanwhile, Chief Technology Officer Jim Zeitunian is departing to pursue new opportunities.

CEO Steve Towe emphasized that Powell's appointment is important for advancing digital transformation both internally and for customers, citing his expertise in customer-centric innovation, product strategy, technology development, AI, and automation.

Powerfleet (Nasdaq: AIOT) has announced its participation in the Raymond James 2024 TMT & Consumer Conference. The company's management will deliver a presentation on Tuesday, December 10th at 3:40 PM ET. During the conference, they will engage with investors to discuss how Powerfleet enables meaningful business transformation through data insights and supports customers' digital transformation initiatives.

The presentation will be accessible via live webcast through Powerfleet's investor relations website at ir.powerfleet.com/events-presentations/events.

Powerfleet (NASDAQ: AIOT) reported strong Q2 FY25 results with revenue up 7% to $77.0 million and Adjusted EBITDA up 41% to $14.5 million year-over-year. First half FY25 showed revenue growth of 9% to $152.4 million and Adjusted EBITDA increase of 46% to $28.2 million. The company achieved 50% of its planned two-year cost synergy target of $27 million within 6 months of the MiX combination. Product revenue rose 13% to $20.3 million with adjusted gross margins at 35%, while service revenue grew 5% to $56.7 million. The company reaffirmed its FY25 guidance expecting revenue to exceed $352.5 million and Adjusted EBITDA to exceed $72.5 million.

Powerfleet (Nasdaq: AIOT) has scheduled its second quarter fiscal 2025 earnings conference call for Tuesday, November 12, 2024, at 8:30 a.m. Eastern time. The company will release its financial results for the quarter ended September 30, 2024, via press release before the call. Management will host a presentation followed by a Q&A session. The call will be accessible through toll-free and international dial-in numbers, and will be broadcast simultaneously with a replay available on the company's investor relations website.

Powerfleet, Inc. (Nasdaq: AIOT) is set to host an Investor Day on November 20, 2024, at Sofitel New York and virtually. The event will run from 1:00 p.m. to 4:00 p.m. Eastern time, with a preceding lunch at noon. Senior leaders from Powerfleet and Fleet Complete will present on:

• Strategic, operating, and financial benefits of the Fleet Complete transaction
• Long-term strategy and value creation
• Pathways to accelerated double-digit growth
• Unity's AI-led innovations
• Indirect channel opportunities
• Expanded go-to-market approach
• Financial targets for the combined business

Select customers will share their experiences with Unity in digital transformation. The event will conclude with a live Q&A session. In-person attendance is by invitation only, but a live webcast will be available on both companies' investor relations websites.

Powerfleet, Inc. (Nasdaq: PWFL) has successfully closed the acquisition of Fleet Complete, a leading connected vehicle technology and fleet management company. This strategic move is expected to create a $400m+ revenue company, including $300m+ of recurring SaaS revenue and $85m EBITDA. The combined entity will have 2.6 million total subscribers, positioning Powerfleet as a global leader in the AIoT market.

CEO Steve Towe highlighted that this transformative and highly accretive transaction will immediately scale Powerfleet's presence in North America and Europe. It also unlocks significant growth opportunities through Fleet Complete's indirect channel partnerships, particularly in the U.S. and Canada. The acquisition enhances Unity's data capabilities, adds 600,000 new subscribers, expands cross-sell opportunities, and strengthens Powerfleet's position in the AI-powered video market with Fleet Complete's FC Vision solution.